Five Retirement Loose Ends You Can't Ignore
Big Picture Retirement®
Devin Carroll
4.7 • 545 Ratings
🗓️ 16 February 2026
⏱️ 30 minutes
🧾️ Download transcript
Summary
Saving for retirement is only half the job. In this episode, we discuss the five financial loose ends that can quietly drain retirement income and why addressing them early creates flexibility and peace of mind.
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:11.1 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:14.0 | I'm your host, Devin, joined by my co-host, John Ross. |
| 0:17.7 | Howdy. |
| 0:18.5 | John, going into retirement, lots of questions. Everyone always has |
| 0:22.4 | lots of questions about what's this going to be like. I'm about to leave my job. I've saved up all |
| 0:26.5 | this money. Now I've got to start spending this money. There's a lot to think about, a lot to process, |
| 0:31.1 | right? Yep. A lot of people can get the old paralysis by analysis. You can jump into the planning |
| 0:36.1 | too much until you can't make any decisions. Or on the other hand, you could be like some of the people that I've seen and just say, I'll wing it. It's all good. It all will work out. I've saved a lot of money. I think we'll be fine. Yes. Your glass can be too half full or too half empty. Yes, for sure. What you're saying. But I came across an article. This was in Go Banking Rates. |
| 0:57.2 | I don't know if it was originally published there or if it was published elsewhere. And it was called something about loose ends that will cripple you in retirement or something like that. But it had some good points in it. And I thought this would be a great piece of content for the episode for us to talk about and add our color to because there's some things in this article that need to be expanded. |
| 1:22.0 | I agree. |
| 1:23.1 | So there's five things. |
| 1:25.1 | Number one, the financial loose end that will ruin your retirement that they discussed is carrying debt into retirement. |
| 1:32.6 | Right. Now, I'm kind of divided on this. In the article they talk about retiring with high interest debt like credit cards and personal loans can cripple you. Even a mortgage or car payment can create financial strain. Now, here's the thing. |
| 1:46.3 | We are in a time right now where a lot of people are scared to move because they know that |
| 1:51.4 | current mortgage rates are a lot higher than the mortgage rate that they have on their house. |
| 1:55.1 | Correct. You know, we've talked about this before, how you and I had the 1.85% mortgage. |
| 1:59.0 | Yes, and you ridiculously paid yours off. |
| 2:01.1 | I did. I did. And I'm still happy that I did that. But I talked to people all the time that they |
| 2:05.6 | have a mortgage in the threes. And does it really make sense for them to pay that off just because |
| 2:12.1 | they read an article like this that said, when you retire, you shouldn't have any debt, which is kind of |
... |
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